I would appreciate some help regarding cessation accounts for self employed.
A client’s year end is 30 April and he ceased self employment on 30 April 2017. The last tax return completed was 2015/16 i.e. accounts year ended 30 April 2015. Would the following be correct:
2016/17 – accounts year ended 30 April 2016.
2017/18 – accounts 1st May 2016 to 30 April 2017 and including overlap relief.
Thanks for your help.